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Jul 3, 2011
07/11
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senate, so you've got your debt ceiling raised for one year, with the biden cuts. i think the democrats, the president of the united states, will have to sign that. the republicans have an enormous weapon here and they've got the whip hand by just sending over these debt ceiling increases with cuts on them, again and again and again. that's how it will play out. >> are you saying the senate will be become part of the annual budget? >> i think the debt ceiling battle could -- that cook a six- month thing or one year thing every year. republicans have a whip here, john, to force cuts in social spending year after year after year. if they play the game right. >> but across the senate, it's going to be in a legal instrument, congressional -- that's the budgets. >> sure -- no, the house will pass the debt ceiling. >> within the budget? >> no, with these cuts on it and just send it over to. >> separate piece of legislation? >> yes, sure! >> this is like the ryan plan on steroids. just do away with the social programs. >> not all of them, eleanor. >> take the republican p
senate, so you've got your debt ceiling raised for one year, with the biden cuts. i think the democrats, the president of the united states, will have to sign that. the republicans have an enormous weapon here and they've got the whip hand by just sending over these debt ceiling increases with cuts on them, again and again and again. that's how it will play out. >> are you saying the senate will be become part of the annual budget? >> i think the debt ceiling battle could -- that...
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Jul 17, 2011
07/11
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i think they're going to get some baby cuts and increase in the debt ceiling. >> eleanor? >> if they increase the debt ceiling, okay, disaster averted. but it's hardly historic. >> you'll get a fizzle and it will happen probably august 1. >> if they got a 4 billion- dollar or 4 trillion cut in expense to go with me, it would run! >> do you walk this fast all the time? >> only when i'm running away from you guys. >> media tycoon rupert murdoch didn't only deliver the news this week. murdoch was the news and continues to be the news. the owner of the news corp, a $32 billion media con gone rat, is in the eye of a whirl storm. the rap is hacking. murdoch's journalists have been hacking into the cell phones apparently of the owners and users of those phones. police reports say there could be as many as 4,000 victims. murdoch's journalists also invaded confidential medical records, one of those victims is the former prime minister of the united kingdom gordon brown. two of his newspapers reveal private medical records of the son of gordon brown and the young boy's history of cy
i think they're going to get some baby cuts and increase in the debt ceiling. >> eleanor? >> if they increase the debt ceiling, okay, disaster averted. but it's hardly historic. >> you'll get a fizzle and it will happen probably august 1. >> if they got a 4 billion- dollar or 4 trillion cut in expense to go with me, it would run! >> do you walk this fast all the time? >> only when i'm running away from you guys. >> media tycoon rupert murdoch didn't...
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Apr 26, 2023
04/23
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it raises the debt ceiling, cut $4.5 trillion over 10 years. it would cut discretionary spending by 13% in one year, all of those agencies that congress has a say over. recipients would have to work able hours a month. so people would have to work to get food stamps. there has been a lot of debate, but i want to focus on the house rules committee meeting where we saw a subsidence meeting. want to point out this exchange over benefits and how both sides see this. >> the deal is you are piling work requirement on people who are vulnerable and you don't see a problem? >> i think you have values. your thinking is wrong. the people you are talking about are being hurt by the policies that this administration -- amna: different views on what is good for the american public. a lot of debate you will be covering. >> my thinking is both sides my diggy and more. republicans are celebratory they managed to pass something. democrats believe kevin mccarthy does not have the votes and they think this will not be the final product area here what president bid
it raises the debt ceiling, cut $4.5 trillion over 10 years. it would cut discretionary spending by 13% in one year, all of those agencies that congress has a say over. recipients would have to work able hours a month. so people would have to work to get food stamps. there has been a lot of debate, but i want to focus on the house rules committee meeting where we saw a subsidence meeting. want to point out this exchange over benefits and how both sides see this. >> the deal is you are...
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Apr 29, 2023
04/23
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on wednesday, mccarthy notched a symbolic win when his debt ceiling and spending cuts bill passed in the house, albeit a long party lines and by two votes. a boy it mccarthy spoke to reporters -- big -- a bouyant mccarthy. >> the president can no longer ignore and not negotiate. laura: republicans hope the bill's passing will increase pressure on the president to meet with the speaker, but senate democrats made clear speaker mccarthy's bill is dead on arrival in the upper chamber and when asked by reporters if he would negotiate with mccarthy over the debt limit, president biden did not budge. >> having a meeting with leader mccarthy but not on if the debt limit gets extended. that is not negotiable. laura: joining us to discuss this and more, the chief correspondent at the washington post, john bresnahan, mario parker, the white house and politics editor for bloomberg news, and melanie zanona, capitol hill reporter for cnn. thank you for being here. i think it is important first to establish the stakes for this conversation. if the country defaults on its debt, here is what would ha
on wednesday, mccarthy notched a symbolic win when his debt ceiling and spending cuts bill passed in the house, albeit a long party lines and by two votes. a boy it mccarthy spoke to reporters -- big -- a bouyant mccarthy. >> the president can no longer ignore and not negotiate. laura: republicans hope the bill's passing will increase pressure on the president to meet with the speaker, but senate democrats made clear speaker mccarthy's bill is dead on arrival in the upper chamber and when...
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Apr 19, 2023
04/23
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a republican bill to lift the debt ceiling. cuts federal spending to 2022 levels. it limits growth to 1% per year. it undoes president biden student debt forgiveness plan. it is likely to go nowhere in democratic led senate but is there any part of this plan, the democratic leadership sees as a starting point and if not, how does this impasse get resolved? >> what we have here is a manufactured default crisis led by extremists in the gop appeared full stop -- the gop. . . what we need to make sure is we vote on a clean debt ceiling. that we avoid default with up to our responsibilities. be the adults the american people sent us the congress to be. that is exactly what democrats are doing and are going to continue to press. what we are seeing is shameful, reckless and dangerous hypocrisy from the gop. three times under donald trump they raised the debt ceiling. while they were cutting their revenues dramatically in order to protect the very wealthy and the largest corporations. they ran up huge deficits under donald trump but th
a republican bill to lift the debt ceiling. cuts federal spending to 2022 levels. it limits growth to 1% per year. it undoes president biden student debt forgiveness plan. it is likely to go nowhere in democratic led senate but is there any part of this plan, the democratic leadership sees as a starting point and if not, how does this impasse get resolved? >> what we have here is a manufactured default crisis led by extremists in the gop appeared full stop -- the gop. . . what we need to...
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Oct 13, 2013
10/13
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no spending cuts attached versus a messy debt ceiling extension, meaning one with spending cuts or tax hikes attached. on thursday, house republicans presented mr. obama with a proposal, to end the debt ceiling deadlock. republicans will vote to raise the debt ceiling enough to last through november 22. in exchange, mr. obama will agree to negotiate with republicans over spending cuts. on wednesday, the president met separately with house democrats to prepare them for the coming compromises. according to congressman jerry conley, who was at the meeting. conley says obama told house democrats they, quote, need to be prepared to give and take, unquote. and quote, we weren't going to win everything, unquote. financial markets cheered the breakthrough. the dow rose 272 points moments after the breakthrough announcement. but the debt ceiling proposal will not end the government shutdown. republicans and democrats remain at loggerheads over the 2014 federal budget. >>> question, what made president obama change his position on negotiating with the republicans over the debt ceiling? >> well,
no spending cuts attached versus a messy debt ceiling extension, meaning one with spending cuts or tax hikes attached. on thursday, house republicans presented mr. obama with a proposal, to end the debt ceiling deadlock. republicans will vote to raise the debt ceiling enough to last through november 22. in exchange, mr. obama will agree to negotiate with republicans over spending cuts. on wednesday, the president met separately with house democrats to prepare them for the coming compromises....
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Jul 17, 2011
07/11
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republicans were the ones who got with raising the debt ceiling to deep cuts. they were the ones who created the fiction and sold it to their supporters that somehow the two were tied together raising the debt ceiling with increased spending. in fact, there were no new authorizations in appeared faced with the prospect, mcconnell has no means to default. he wants to back away from it. but as he stepped up and say they want to share the sacrifice? he takes his party off the hook, allows his party to vote against raising the debt limit, shift responsibility to the president and to the democrats to sustain the president's actions. i do not see anything bold or courageous there. i see something very craven. >> 60% feel any agreement to raise the debt ceiling should include tax hikes on the wealthy and corporations. the american people are not quite where -- >> you can use anyone you want, but there is a gallup that shows that if you ask americans if they want to solve the debt problem with taxes or spending, those who say -- or exclusively taxes, 10%, mail/exclusiv
republicans were the ones who got with raising the debt ceiling to deep cuts. they were the ones who created the fiction and sold it to their supporters that somehow the two were tied together raising the debt ceiling with increased spending. in fact, there were no new authorizations in appeared faced with the prospect, mcconnell has no means to default. he wants to back away from it. but as he stepped up and say they want to share the sacrifice? he takes his party off the hook, allows his...
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Sep 29, 2013
09/13
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ceiling, put extra cuts in. they want to see more cuts, that we had another poll that showed the majority of americans want republicans to stop this stuff with obamacare. if you take them together with -- what the poll indicates is that the american public wants the people in washington to cut out the brinksmanship, the gamesmanship, and the threats, and sit down and do their jobs. , theerwhelmingly, nina democrats had seemed unified on this, and the division has been within the republican ranks to the point of ted cruz accusing other republican senate colleagues of being many neville chamberlain said munich. >> john mccain, in five minutes, and decapitated him on that. 40-to-60arkable that house members within the republican majority can prevent a continuing resolution from keeping the federal government going, and that the speaker, the majority leader, the majority whip in the house, do not have the -- this is family television, to take it to a vote -- >> backbone. >> backbone, thank you. >> close. >> close. >
ceiling, put extra cuts in. they want to see more cuts, that we had another poll that showed the majority of americans want republicans to stop this stuff with obamacare. if you take them together with -- what the poll indicates is that the american public wants the people in washington to cut out the brinksmanship, the gamesmanship, and the threats, and sit down and do their jobs. , theerwhelmingly, nina democrats had seemed unified on this, and the division has been within the republican...
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May 22, 2023
05/23
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first, followed by separate spending cut discussions. 42% said only increased the debt ceiling with spending cuts. we also asked if the government defaults, who is to blame? 43% said they would blame president biden, and 45% said they would blame the gop and congress. president biden recently addressed this, saying on the politics of it, that everyone would be blamed. geoff: lisa, help us with the timing here. we have 10 days before the country would default. what are the potential cut plans? lisa: this is the simple math. 10 days, let's talk about what is needed. speaker mccarthy estimates he needs two days to write a deal, three days for the house to read it and pass it. that leads -- that leaves five days, and that is usually what the senate needs to get anything done. the senate could move a lot faster if it wants to, but basically this will be very close. i do want to remind our viewers, all these negotiations usually fail twice. this is the first sign of failure over the weekend. however, it is unusual to be this close to the deadline. geoff: lisa and laura, thank you both. â™
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Apr 20, 2023
04/23
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three times under donald trump, they raised the debt ceiling while they were cutting their revenues dramatically in order to protect the very wealthy and the largest corporations. they ran up huge deficits under donald trump, but three times , raised the debt ceiling that donald trump himself said this should never be used to negotiate. so we know, they are not coming to this issue in good faith. they told us over the midterms, this was about cutting social security and medicare and using this manufactured crisis to do it. they've since been called out on that, and now they are trying to turn to our veterans, our children, the hungry foster kids. our planet, to make sure that they are taking this funding and giving it back to the wealthy. we see it in their undoing of the irs funding that we need so that people can get refunds, so that we can crackdown on tax cheats. you can see that they want to undo the ira and and the climate crisis that we were able to help avoid and build resiliency through that bill. guest: congresswoman katherine clark, thank you again for your time. guest: thank you. ♪
three times under donald trump, they raised the debt ceiling while they were cutting their revenues dramatically in order to protect the very wealthy and the largest corporations. they ran up huge deficits under donald trump, but three times , raised the debt ceiling that donald trump himself said this should never be used to negotiate. so we know, they are not coming to this issue in good faith. they told us over the midterms, this was about cutting social security and medicare and using this...
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Jan 19, 2023
01/23
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treasury asked wmakers to raise the debt ceiling. public demands spending cuts first. and the antiwar epic "all quiet on the western front" leads the nominations for this year's bath to film awards. -- bafta film awards. welcome to "world news america on pbsnd around the globe. we start with news from the united states. hollywood actor alec baldwin being charged with involuntary manslaughter after a gun that he was handling onset went off and killed cinematographer halyna hutchins. the armor for the film "rust" will face the same charge after the gun was found to contain live ammunition. miss hutchins estate -- family released a statement supporting the charges. >> the frantic etched -- efforts to save halyna hutchins in the moments after she was shot. it was during rehearsals when the shootings and death othe 19th century film became all too real. alec baldwin was holding the weapon and was one of the films producers and faces two charges of involuntary manslaughter. in a statement, the actor says "this represents a terrible miscarriage justice. " the film armor who l
treasury asked wmakers to raise the debt ceiling. public demands spending cuts first. and the antiwar epic "all quiet on the western front" leads the nominations for this year's bath to film awards. -- bafta film awards. welcome to "world news america on pbsnd around the globe. we start with news from the united states. hollywood actor alec baldwin being charged with involuntary manslaughter after a gun that he was handling onset went off and killed cinematographer halyna...
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May 23, 2023
05/23
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about the spending cuts. 42% said the debt ceiling increase should only happen with spending cuts attached. we asked if the government defaults, who is to blame? 43% said they would blame president biden. 45 percent said they would blame republicans in congress. the president said everyone would be to blame, although he did in particular single out some extreme republicans in the house, who said they are potentially pushing the country toward a default so that what he won't be reelected. geoff: remind us of the timing and any potential backup plans? president biden said the 14th amendment is untested and might be impractical. >> the timing is a real math problem. 10 days until june 1, which is when the government could run out of money to pay for its bills. it takes two days to write a bill once they get a deal and then another three days for the house to read it, debate it, and vote on it. the senate can move a lot faster if it wants to. that is difficult. other options, there is a discharge petition that takes even more time. a short-term funding bill may be something we talk about more.
about the spending cuts. 42% said the debt ceiling increase should only happen with spending cuts attached. we asked if the government defaults, who is to blame? 43% said they would blame president biden. 45 percent said they would blame republicans in congress. the president said everyone would be to blame, although he did in particular single out some extreme republicans in the house, who said they are potentially pushing the country toward a default so that what he won't be reelected. geoff:...
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May 19, 2012
05/12
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he says we're not doing the debt ceiling unless we're doing spending cuts an reform as big as the increase. gwen: now president meet with some congressional leaders over hogeie this is week. both sides came up with completely different interpretation of how it happen. >> surprise, surprise. it's clear that the president made this clear to be boehner. we should just do the debt ceiling and separate it from everybody else. and he said that that quote took his breath away. it's more of the post erring. gwen: were the hoagie's any good, that's the question. >> they were pushing the government to the edge of default. the markets weren't really wild about this. i mean, how -- how does wall street -- are they finally deciding that these guys are just bluffing? is this going to cause some real problems? >> that's a great question. what we know so far wall street is completely preoccupied. either they were watching facebook that went down to 38.33 which is a little bit above the initial price or they were looking at europe which has far bigger problems than john boehner and barack obama. so the sto
he says we're not doing the debt ceiling unless we're doing spending cuts an reform as big as the increase. gwen: now president meet with some congressional leaders over hogeie this is week. both sides came up with completely different interpretation of how it happen. >> surprise, surprise. it's clear that the president made this clear to be boehner. we should just do the debt ceiling and separate it from everybody else. and he said that that quote took his breath away. it's more of the...
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Jul 25, 2011
07/11
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it would raise the debt ceiling and cut $2.7 trillion in spending. the savings would come from federal agencies and defense spending but avoid controversial changes to entitlement programs and the u.s. tax code. >> so now all the republicans have to do is say yes. unfortunately, the republicans who used to run the congress on the caucuses are being driven by the radical, right wing that is so in tune with the tea party. they want their leaders to ignore the american people as they're doing. they want their leaders to ignore the business leaders like the chamber of commerce that they're ignoring. and even a majority of republicans around this country want something to happen and they're refusing to do that. >> reporter: this afternoon reid's plan got official endorsement from the white house spokesman describing it as a reasonable approach. the white house statement also said we hope the house republicans will agree to this plan so that america can avoid defaulting on our obligations for the first time in our history. the ball is in their court. how t
it would raise the debt ceiling and cut $2.7 trillion in spending. the savings would come from federal agencies and defense spending but avoid controversial changes to entitlement programs and the u.s. tax code. >> so now all the republicans have to do is say yes. unfortunately, the republicans who used to run the congress on the caucuses are being driven by the radical, right wing that is so in tune with the tea party. they want their leaders to ignore the american people as they're...
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Jan 14, 2013
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the debt ceiling. and these automatic spending cuts that take hold at the beginning of march. they want to use these opportunities. they don't think it's so bad to shut down the government or to default on the debt. they are even skeptical of the administration's estimates of when that will happen. so they see themselves really having very little leverage besides doing something which a lot of americans would consider extreme which is defaulting on the debt or shutting down the government. now i think it's virtually impossible that speaker john boehner will raise the debt ceiling without commensurate spending cuts. he's way too far out on a limb on that prospect. so it's going to be one of these huge battles its going to be something where one side has to blink first or the issues have to kind of meld together in a way that speaker boehner or president obama has a fig leaf in order to get this done. >> woodruff: jake, what about the president's argument today? he said this several times. he said this is not about we're doing the debt ceiling in order to authorize more spending
the debt ceiling. and these automatic spending cuts that take hold at the beginning of march. they want to use these opportunities. they don't think it's so bad to shut down the government or to default on the debt. they are even skeptical of the administration's estimates of when that will happen. so they see themselves really having very little leverage besides doing something which a lot of americans would consider extreme which is defaulting on the debt or shutting down the government. now...
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Feb 13, 2013
02/13
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concerned in this country. >> narrator: and cantor had that debt ceiling threat. if the president wouldn't cut spending, he and the new republicans would force the issue. >> we all saw the debt ceiling as the best lever we had to make some changes, to deal with the spending problem, to deal with, the big government problem. >> if the government were to fail to raise the debt ceiling, you would see an immediate panic in the market... >> white house showdown with house republicans... >> narrator: at the white house, treasury secretary timothy geithner knew just how serious cantor's threat was. >> geithner says, "we could trigger a depression worse than the 1930s. it will be indelible. it will be... it will last for generations." tim geithner is one scared secretary of the treasury. >> when secretary geithner and the rest of us spoke to the president, we were very clear. a default would be unprecedented in our country. it would absolutely lead to a serious downgrading of our credit rating. >> narrator: geithner said they had only weeks to act before the country ran o
concerned in this country. >> narrator: and cantor had that debt ceiling threat. if the president wouldn't cut spending, he and the new republicans would force the issue. >> we all saw the debt ceiling as the best lever we had to make some changes, to deal with the spending problem, to deal with, the big government problem. >> if the government were to fail to raise the debt ceiling, you would see an immediate panic in the market... >> white house showdown with house...
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May 27, 2011
05/11
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they're working to hammer out an agreement to cut federal spending and raise the nation's debt ceiling. time runs out in early august. lawmakers in the talks say they
they're working to hammer out an agreement to cut federal spending and raise the nation's debt ceiling. time runs out in early august. lawmakers in the talks say they
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Apr 22, 2023
04/23
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debt ceiling. speaker mccarthy rolled out his long awaiting -- long-awaited plan on wednesday, he would raise the debt ceiling into next year in exchange for major spending cuts and the end of some big m aquatic priorities, but does he have enough -- big m aquatic priorities, but does he have enough votes? >> i want you to write strings like i am teetering, the whole world hangs in the balance and then i want you to write a story after it passes, would the president sit-down and negotiate? >> president biden immediately rejected the speakers opening bid and took him to task. >> folks, that is the maga economic agenda, spending cuts for working and middle-class folks, americans, tax cuts for those at the top. >> on thursday, democratic senator joe manchin blasted biden in a statement for what he called a deficiency in leadership and urged the president to negotiate with mccarthy. somehow stomach rats echoed the idea that is time for the president to sit down with the speaker. that comes amid the bac
debt ceiling. speaker mccarthy rolled out his long awaiting -- long-awaited plan on wednesday, he would raise the debt ceiling into next year in exchange for major spending cuts and the end of some big m aquatic priorities, but does he have enough -- big m aquatic priorities, but does he have enough votes? >> i want you to write strings like i am teetering, the whole world hangs in the balance and then i want you to write a story after it passes, would the president sit-down and...
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Jan 8, 2013
01/13
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and instead it seems like the way it's playing out is the original debt ceiling fight, we got a bunch of cuts with no revenue. now, in this one we got a bunch of revenue with no cuts. now we'll come into the third round. after a year and a half of negotiating we may have a grand bare gain, it's just not a grand bargain that they actually struck all at once at the same able to. >> rose: so where do they move to now. the debt ceiling extension is, what, a month or so off. david, help me on this. is that what they have to address first or is this something else that must be addressed before you get to the debt ceiling extension question? >> the debt ceiling is likely to come first. the funny thing is at this point to some extent there aren't any external deadlines they absolutely have to meet. these are all created by washington. historically the debt ceiling was not an occasion for a big policy change. it became one in 2011, the republicans successfully made that happen. but they could easily extend the debt kreiling the way washington has in the past. in some ways the bigger thing is t
and instead it seems like the way it's playing out is the original debt ceiling fight, we got a bunch of cuts with no revenue. now, in this one we got a bunch of revenue with no cuts. now we'll come into the third round. after a year and a half of negotiating we may have a grand bare gain, it's just not a grand bargain that they actually struck all at once at the same able to. >> rose: so where do they move to now. the debt ceiling extension is, what, a month or so off. david, help me on...
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May 22, 2023
05/23
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it was dead on arrival in the senate but it tackled spending cuts and raised the debt ceiling . he presented it to the senate and it did not go anywhere but the fact that he managed to do that and get his party to agree on it is probably something the democrats did not anticipate he could do, given the small majory he has and perhaps that is what has forced president biden to negotiate with republicans and away way he was not doing originally. >> thank you so much for giving us the update from the white house. let's stay with u.s. politics and south cap -- south carolina senator tim scott says he is running for his party's presidential nomination. his message is responsibility, security, and education. he's the only black senator representing his party. he is promising to revive america's culture of greatness and with $22 million in his campaign funds, he enters the race with a sizable warchest. thereas been a lot of focus on tech regulatiorecently and me ta is back in the spotlight after bein signed -- fined by the eu firm is handling people's data when transferring it from eur
it was dead on arrival in the senate but it tackled spending cuts and raised the debt ceiling . he presented it to the senate and it did not go anywhere but the fact that he managed to do that and get his party to agree on it is probably something the democrats did not anticipate he could do, given the small majory he has and perhaps that is what has forced president biden to negotiate with republicans and away way he was not doing originally. >> thank you so much for giving us the update...
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Jan 5, 2013
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. >> reporter: the worry now is what wrangling in washington over spending cuts and the debt ceiling will mean for hiring. companies continued adding jobs even with the uncertainty over the fiscal cliff. and, many economists believe firms will increase payrolls this year in spite of the debt ceiling debate. >> i don't think that the spending cuts will be as significant headwinds for the u.s. economy because these spending cuts are made over ten- year period. there won't be a significant amount of spending cuts that will take place in 2013, so that's why i think it's less of an issue. >> reporter: still, there's ample concern about what the expiration of the payroll tax cut will mean for spending and ultimately hiring. don't forget all americans will see a smaller paycheck this year, because of that change. >> consumers aren't well poised to absorb a 2% tax increase and nonetheless that's what's going to happen, and it's going to keep us stuck in this slow growth territory. >> reporter: and, slow economic growth makes companies less confident about adding new workers. as a result, it
. >> reporter: the worry now is what wrangling in washington over spending cuts and the debt ceiling will mean for hiring. companies continued adding jobs even with the uncertainty over the fiscal cliff. and, many economists believe firms will increase payrolls this year in spite of the debt ceiling debate. >> i don't think that the spending cuts will be as significant headwinds for the u.s. economy because these spending cuts are made over ten- year period. there won't be a...
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May 31, 2011
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>> no, what i'm saying is any raise of the debt ceiling has to be pre-conditioned upon cuts that drive towards a real economic recovery and long-term growth and prosperity and job creation. the whole notion of just simply moving along and giving the white house a blank check is a complete non-starter. >> woodruff: picking up on that, congressman clyburn, we know that your colleague steny hoyer, the house democratic whip, has said that everything has to be on the table in these talks going on under vice president biden, including medicaid. is that something that you accept? >> let me remind listeners and watchers, judy, last november the democrats addressed medicare in the continuing resolution that we passed. and that continuing resolution had a $500 million cut in medicare. did not cut one dime out of medicare benefits. it cut $500 million out of the providers' side. so i think that we have demonstrated that we know how to address the medicare problems. we can do so without cutting one dime out of benefits. this thing of just cutting benefits, inflicting pain on seniors, is something
>> no, what i'm saying is any raise of the debt ceiling has to be pre-conditioned upon cuts that drive towards a real economic recovery and long-term growth and prosperity and job creation. the whole notion of just simply moving along and giving the white house a blank check is a complete non-starter. >> woodruff: picking up on that, congressman clyburn, we know that your colleague steny hoyer, the house democratic whip, has said that everything has to be on the table in these talks...
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Jan 20, 2023
01/23
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ceiling without significant spending cuts. >> it makes me nostalgic for the debt ceiling crisis of 2011. it seemed more or less like normal people were in control and now you've got people who have the speaker in their hands. i do think it is a pretty serious crisis. how did the democrats react? some people say we should take unilateral action. very unusual ways that democrats could act alone. the 14th amendment says the government has to pay off its debt and they could invoke that and hope the supreme crt backs them up. my favorite one, print a trillion dollar coin. somehow that's legal. my favorite one is go to the senate, go with a plan and throw it on the house and hope you can take some of the 18 house republicans in biden districts, hopefully public opinion by that point will be so much against going off the cliff that some of them will break and they can work with the democrats and get it passed. that's a very tough road actually. >> the white house says they are not budging. one official said the debt limit was raised without strings attached a number of times in recent years wh
ceiling without significant spending cuts. >> it makes me nostalgic for the debt ceiling crisis of 2011. it seemed more or less like normal people were in control and now you've got people who have the speaker in their hands. i do think it is a pretty serious crisis. how did the democrats react? some people say we should take unilateral action. very unusual ways that democrats could act alone. the 14th amendment says the government has to pay off its debt and they could invoke that and...
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Jul 26, 2011
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ceiling by $1 trillion while cutting spending by about the same amount. he also recommends a second round of spending cuts next year. joining us now, norman ornstein, resident scholar at the american enterprise institute. we're really getting down to the wire, aren't we. >> you know, with eight days to go, it normal me takes several days to get these kinds of plans into legislative language and have them scored by cdo and then get the votes. so we're all ready with two brand new plans, partisan ones popping up on the table with eight days to go past the point of danger to the point of nail biting. >> susie: let's talk about the two plans. which one of these makes the most economic sense from your point of view. >> well, what i think does not make economic sense is to have a short term extension that would mean we go back to the same kind of elaborate fangango we've been going through with all these craziness. we're at the height of the primary season and all the presidential candidates are being pulled not toward the national interest but a slighter of vo
ceiling by $1 trillion while cutting spending by about the same amount. he also recommends a second round of spending cuts next year. joining us now, norman ornstein, resident scholar at the american enterprise institute. we're really getting down to the wire, aren't we. >> you know, with eight days to go, it normal me takes several days to get these kinds of plans into legislative language and have them scored by cdo and then get the votes. so we're all ready with two brand new plans,...
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Jul 13, 2011
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. >> after weeks of pressure to cut spending before raising the debt ceiling, president obama is ready for entitlement cuts. this may end years of name- calling. in america, liberals describe their opponents as free market fundamentalists with extreme plans to return to a state of nature. conservatives describe liberals as socialist wolves in capitalist clothes. sure, the truth is probably somewhere in the middle, but is the middle just a question of tax rates? regulation? consider a spectrum of government engagement. on one extreme, the private sector does it all, making and selling things like books and haircuts. on the other extreme, the government does it all, financing and providing highways and f15s. in the middle? think about r.o.t.c. scholarships, a service paid for by uncle sam but provided by professor x. this framework raises two questions. first, why is k-through-12 education in america on the socialist end of the spectrum? and why is pre-school on the state of nature end? imagine if americans got cars like they get high school diplomas. you're assigned a factory, and when
. >> after weeks of pressure to cut spending before raising the debt ceiling, president obama is ready for entitlement cuts. this may end years of name- calling. in america, liberals describe their opponents as free market fundamentalists with extreme plans to return to a state of nature. conservatives describe liberals as socialist wolves in capitalist clothes. sure, the truth is probably somewhere in the middle, but is the middle just a question of tax rates? regulation? consider a...
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Mar 25, 2023
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, but any appetite for clean debt ceiling increase? >> probably not. there might be privately but none that anyone can take and expect to be speaker of the house. that is mccarthy's challenge. heather, you guys are doing a great job, at political -- on how he has kept his coalition together and how he has gotten the votes and it is by listening. so, you know, if you we are all going to be taking a bet in april and may, take the over, that it will be made, there has to be a lot more conversations on just what is doable. and i think, you know, we might all be nervous, wall street might be nervous about it, there are senate republicans that are nervous about it. the nervousness does not seem to seep into the core of the house republican conference and until that does, and no one knows -- is it a massive market correction or a big seller -- until that happens, i think we are in the pre-lim's on this and not in the fight in. >> the recent bank failure has prompted some republicans to argue that we should make spending cuts. this is a good r
, but any appetite for clean debt ceiling increase? >> probably not. there might be privately but none that anyone can take and expect to be speaker of the house. that is mccarthy's challenge. heather, you guys are doing a great job, at political -- on how he has kept his coalition together and how he has gotten the votes and it is by listening. so, you know, if you we are all going to be taking a bet in april and may, take the over, that it will be made, there has to be a lot more...
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Dec 13, 2012
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ceiling, we cut spending two and a half trillion, not a dollar of tax increase, coburn was wrong that you had to raise taxes to get the agreement. >> woodruff: there are other republicans that are talking about this who have not said this in the past. >> well not too many. there have been a number who say we could do this but in point of fact if you raids taxes you don't get the spending restraint just historically. it happened in '82, happened in '90. >> woodruff: let me ask you about cutting spending. you keep saying you don't get the spending restraint. but if there were a guaranteed commitment from the administration, from democrats and the congress they are going to vote and support reductions in spending would you then favor a balanced plan that would include higher taxes? >> if there were such things as pink unicorns what would i trade for them? the challenge is that the administration has been there for four years and done none of this. every time they've entered into a negotiation they only want to talk about tax increases. is it possible the president changes his mind? that
ceiling, we cut spending two and a half trillion, not a dollar of tax increase, coburn was wrong that you had to raise taxes to get the agreement. >> woodruff: there are other republicans that are talking about this who have not said this in the past. >> well not too many. there have been a number who say we could do this but in point of fact if you raids taxes you don't get the spending restraint just historically. it happened in '82, happened in '90. >> woodruff: let me ask...
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Oct 23, 2013
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ceiling, don't cut spending, don't do anything about entitlements and at the end of the day the political establishment won, americans lost and they're upset about it. >> woodruff: we saw, as i just mentioned, it's not just the majority of americans, it's the majority of republicans and the majority of tea party members who say they think it was a mistake to use a threat to not raise the debt ceiling to shut down the government and that republicans made a mistake and hurt themselves. >> well, there are folks that probably went back home trying to explain why they -- particularly if they were in the u.s. senate who did nothing for three years to roll back obamacare and i understand the difficulty explaining that but the kansans i talked to and the americans i talk to about the rest of the nation they're concerned about the future. they're not worried about the next election, they're saying what are you doing about obamacare to make sure you make it fair, if you're going to give an exemption to big business, mr. president, give it to the rest of the americans. that was part of the deal we t
ceiling, don't cut spending, don't do anything about entitlements and at the end of the day the political establishment won, americans lost and they're upset about it. >> woodruff: we saw, as i just mentioned, it's not just the majority of americans, it's the majority of republicans and the majority of tea party members who say they think it was a mistake to use a threat to not raise the debt ceiling to shut down the government and that republicans made a mistake and hurt themselves....
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Dec 9, 2021
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the debt limit or ceiling cuts off how much government can borrow at any time. but u.s. spending is already in motion, planes have been ordered, government jobs i place, so the debt ceiling does not mean our debt or bills will stop, it only stops the u.s. ability to borrow right now and to pay for those bills. someone who has testified about our debt explains. >> the purpose of the debt ceiling is to make sure that we are not borrowing unlimited amounts, but we have a check and we consider, are we borrowing the right amount of money and for the right things? >> when first introduced, the overall u.s. debt limit was set far above government spending and left room, but now the debt limit is routinely set at or near what we spend, so congress, both parties, has to live the debt ceiling regularly, like in the agreement this week. >> we have cleared the path hopefully for the debt limit. >> or two years ago. >> we think it was the best circumstance. >> congress can either raise the debt limit or they can suspend it by punting the problem to a future date. but what happens if
the debt limit or ceiling cuts off how much government can borrow at any time. but u.s. spending is already in motion, planes have been ordered, government jobs i place, so the debt ceiling does not mean our debt or bills will stop, it only stops the u.s. ability to borrow right now and to pay for those bills. someone who has testified about our debt explains. >> the purpose of the debt ceiling is to make sure that we are not borrowing unlimited amounts, but we have a check and we...
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Jul 26, 2011
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package in order to raise the debt ceiling but they go about those cuts very differently. and speaker boehner is saying that the democrat approximates in the senate are relying on gim i believes by saying that they will cut a trillion dollars but unwinding the iraq and afghanistan wars and that shouldn't be part of the budgeting this process. the other thing i thought speaker boehner said that was quite interesting was that he kept saying that this is a crisis that the president has created. so you do see some of that blame game going on as you were saying from each of these bully pulpits. >> ifill: he said this was in stalemate in congress, even though after watching the two plans that neither agreed on would you thought the stalemate was happening somewhere. >> right. i think the speaker is trying to avoid sort of being labeled as intransigent. he has a tough job. he has the house republicans in his conference who simply, many of them won't vote to increase the debt limit no matter what but simply don't want to budge in any way whatsoever here. and so what speaker boehne
package in order to raise the debt ceiling but they go about those cuts very differently. and speaker boehner is saying that the democrat approximates in the senate are relying on gim i believes by saying that they will cut a trillion dollars but unwinding the iraq and afghanistan wars and that shouldn't be part of the budgeting this process. the other thing i thought speaker boehner said that was quite interesting was that he kept saying that this is a crisis that the president has created. so...
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May 17, 2023
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there are still a few sticking points here, such as how long they should raise the debt ceiling for, what spending cuts they should make, and when they come to an agreement, it will probably take a week for it to get through congress. and of course, as you were saying earlier, time is ticking. >> we are likely to hear more about that quite soon. thank you so much for bringing the latest on that. that's look at ukraine now. it's supreme court has dismissed its top judge. he was arrested earlier as part of a corruption inquiry for taking multi-million-dollar bribes allegedly. ukraine is under pressure to tackle corruption, as a requirement for joining the european union. meanwhile, when it comes to th war, ukrainian officials praised their antimissile defense system. overnight, it blocked an intern's barrage of russian rockets over kyiv. they say the system shutdown six advanced russian hypersonic missiles, which president putin has claimed are unstoppable. take a look. this is owing kyiv's air defenses in action. art explosions were heard and three people were injured by the debris. i
there are still a few sticking points here, such as how long they should raise the debt ceiling for, what spending cuts they should make, and when they come to an agreement, it will probably take a week for it to get through congress. and of course, as you were saying earlier, time is ticking. >> we are likely to hear more about that quite soon. thank you so much for bringing the latest on that. that's look at ukraine now. it's supreme court has dismissed its top judge. he was arrested...